LVMH reports muted sales amid hope that the luxury downturn might finally be ending
I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings call.
World's largest luxury group LVMH posts better than feared full-year sales
The world’s largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.
LVMH sales growth raises hope for end to luxury downturn
LVMH defied expectations and increased sales in its most recent quarter thanks to a buoyant US economy and resilience in Europe, raising optimism that the worst of the downturn in the luxury goods market has passed.
LVMH’s subdued sales temper hopes for a rapid luxury sector rebound
Profit at LVMH disappointed, even as the company lowered its overall marketing costs by 5% last year. Recurring operating income dropped 14% in 2024 to €19.6 billion, missing estimates. One-time costs had an impact, including charges related to the Paris Olympic Games, Guiony said.
LVMH drags down luxury shares as budding hopes fade
Shares in luxury conglomerate LVMH were down in early trade on Wednesday, after the company's end-of-year report disappointed investors hoping for stronger signs of rebound from the sector bellwether.
LVMH Sales Cast Doubt on Luxury Rebound
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Shares in luxury giant LVMH trade lower as sales growth disappoints
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